Netlabel MICROBIT-RECORDS was created by the Russian musician Evgenij V. Kharitonov (EugeneKha, Microbit Project, etc.) at the beginning of 2008 for promoting of ideas of a lowbit sound and independent musical esthetics. In 2009 Evgenij also organized in LiveJournal community and the blog of the musicians professing a lowbit-sound esthetics - LOBIT.RU. The community continues active life and today.
The label stopped the existence in January, 2014 though official statements for termination of work it wasn't made.
In 5 years of vigorous activity this network label was an important element of a world lobit-scene, many and many independent musicians from around the world were residents of a label.